Tuesday, December 13, 2011

I don't do this very often, but I think I'll clarify a post I put up last Friday. My one reader in the world seems to have gotten the impression that I was defending John Corzine, the former Democrat Senator who "lost" a million billion dollars of investor money. At first I thought, you can read this and think I'm pro-Corzine? But I've said it before, sarcasm is a terrible way to communicate ideas, especially in an environment when people think their political opponents are literally insane.

So, again - actually I think Corzine is at best a wildly incompetent manager, but more likely a guy who just stole a million billion dollars of his investors money. And I was using his situation to make a point that there is little, if anything, in current Republican thinking to stop a guy like him. They're against regulations (they want far less of them) they're against enforcement of regulations (always pushing for less money to inspectors and watchdogs) and as far as I can tell, they simply want the free market to take care of charlatans like him. He took your life savings? Don't invest with HIM next time!

Political affiliation aside, what would Republicans do to prevent the next Corzine from ruining his investors' lives?

14 comments:

I know it's easier to just make fun of Fox News when they toss up a bad graphic (I wonder if any other channel has ever had a bad graphic, or does it just happen to Fox? But I digress) than it is to get things correct yourself.

In answer to your question, I'll ask you the same one in a different way: There are laws on the books against pedophillia, yet Jerry Sandusky (the former Penn State Asst Coach) molested many, many, young boys over an extended period of time. What can be done to prevent the "next" Jerry Sandusky from molesting/abusing/raping young boys?

Well Geithner should have been forced to pay the delinquent tax bills with interest. Since he was, I guess that worked out okay. Daschle bears looking into but it's not a priority since he withdrew himself from public office. If he's found guilty of tax evasion, I hope he is prosecuted to the fullest extent of the law.

And this brings us full circle back to the root problem, cronyism. Neither any Republicans or Democrats have gone after Geithener or Daschle for tax evasion (at a time when the Country needs every penny it is supposed to receive). Why? Because then they would be going after one of their own "fraternity" members, and those relationships are stronger than Party lines.

In any event this is an interesting argument you're making. The problem with cronyism isn't they guy who APPOINTS the crony, it's the people who approve him. And the solution isn't really to hamstring those people, it's to limit the choice of the American voter on whether they want to keep THOSE people in office.